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$677,320

NAL Estimated Property Value

701 N Mcdonald St, McKinney, TX, 75069

Off MarketInfo
CommercialInfo
Baths3,472 Sq Ft
Year BuiltBuilt in 2003

Highlights

Interior

FlooringConcrete

Exterior

Lot Size25,274 sqft

Building Information

Year Built2003
Stories1

Land Information

APNR-8183-00A-0010-1
Lot Number1
SubdivisionRichard Hall Addition (Cmc)
Land UseCommercial
Legal DescriptionRICHARD HALL ADDITION (CMC), BLK A, LOT 1
Census Tract030702
Assessed Land Value$421,444
Assessed Improvement Value$255,876
Assessment Year2025

About this property

Real estate asset sale. There is currently a month-to-month tenant running the washes and he can leave upon the sale. This car wash has 1 50’ in-bay, 5 self-service bays, 6 vacuums, a large vending area (8 machines), and an equipment room. Owner will replace with new equipment at full price.

Investor Tools

Property Icon
$677,320
Estimated Property Value
$537,393Estimated Mortgage Balance
$139,927Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,400 /month
Positive
Cash Flow Estimate:
$4,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,257/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,695
$677,320
2025
$421,444
$255,876
$677,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,695
$677,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Star Bank
Unknown
$850,000
No
First
Dec 14, 2010
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$537,393
$139,927
20%
79%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: McKinney

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701 N Mcdonald St | Property Details | No Agent List